Ripple wins OCC nod for U.S. trust bank on 12 December; RLUSD under dual oversight

Ripple received conditional approval from the OCC to establish Ripple National Trust Bank, with the decision announced on 12 December. The charter places its stablecoin RLUSD under dual federal–state oversight, alongside OCC supervision and NYDFS obligations, while CoinMarketCap shows RLUSD at a $0.9999 peg and 1.02 billion in circulation.